Cryptocurrency platform Coinbase saw its net revenue decline in Q2 2024, following uncertainty in the crypto market after the initial success of Bitcoin ETFs. The Delaware-based company had more net revenue in the second half of 2023 than in the entirety of 2022. This coincides with the time that the price of Bitcoin started to increase. The growing interest in crypto is important to Coinbase's business model, as the prospectus listed that transaction revenue made up "over 96 percent" of the company's net revenue towards the end of 2020.
Revenue of Coinbase from 1st quarter of 2019 to 2nd quarter of 2024
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Statista, & U.S. Securities and Exchange Commission. (August 1, 2024). Revenue of Coinbase from 1st quarter of 2019 to 2nd quarter of 2024 [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1228390/net-revenue-of-coinbase/
Statista, und U.S. Securities and Exchange Commission. "Revenue of Coinbase from 1st quarter of 2019 to 2nd quarter of 2024." Chart. August 1, 2024. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1228390/net-revenue-of-coinbase/
Statista, U.S. Securities and Exchange Commission. (2024). Revenue of Coinbase from 1st quarter of 2019 to 2nd quarter of 2024. Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1228390/net-revenue-of-coinbase/
Statista, and U.S. Securities and Exchange Commission. "Revenue of Coinbase from 1st Quarter of 2019 to 2nd Quarter of 2024." Statista, Statista Inc., 1 Aug 2024, https://www.statista.com/statistics/1228390/net-revenue-of-coinbase/
Statista & U.S. Securities and Exchange Commission, Revenue of Coinbase from 1st quarter of 2019 to 2nd quarter of 2024 Statista, https://www.statista.com/statistics/1228390/net-revenue-of-coinbase/ (last visited November 25, 2024)
Revenue of Coinbase from 1st quarter of 2019 to 2nd quarter of 2024 [Graph], Statista, & U.S. Securities and Exchange Commission, August 1, 2024. [Online]. Available: https://www.statista.com/statistics/1228390/net-revenue-of-coinbase/
